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@ifrs.org
The IFRS Foundation is a not-for-profit responsible for developing global accounting and sustainability disclosure standards, known as IFRS Standards.
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Description
The IFRS Foundation is a distinguished not-for-profit organization committed to establishing global standards for accounting and sustainability disclosures known as IFRS Standards. Founded to serve the public interest, the foundation is guided by two key standard-setting bodies: the International Accounting Standards Board (IASB) and the International Sustainability Standards Board (ISSB). These entities develop high-quality, understandable, and enforceable standards that facilitate transparent financial reporting for companies across over 140 jurisdictions.
The IASB focuses on creating the IFRS Accounting Standards, serving as a global accounting language that enhances comparability and understanding of financial health. Meanwhile, the ISSB concentrates on sustainability disclosure standards, aimed at improving investor-company communication by providing decision-useful information that meets investorsβ needs for globally comparable data. Through rigorous support and advisory groups, the IFRS Foundation fosters the application of its standards globally, ensuring continuous improvement and adaptation to evolving market demands
Brand Industry
Computers Electronics and Technology